GridAI Tech SEC Filings

GridAI Technologies Corp. notified the SEC it cannot timely file its Quarterly Report on Form 10-Q for the quarter ended March 31, 2026 because completion of the annual Form 10-K for the year ended December 31, 2025 is delayed. The company expects to file the Form 10-Q no later than the fifth calendar day following the prescribed due date and signed this notification on May 15, 2026.

GridAI Technologies Corp. entered into two private placement financings to raise equity-linked capital. A $2.54 million financing will issue 74,000 common shares, Pre-Funded Warrants for 1,196,001 shares, and Common Warrants for 1,270,001 shares at a combined purchase price of $2.00 per share or Pre-Funded Warrant plus Common Warrant. A separate $5.25 million financing will issue 87,260 common shares, Pre-Funded Warrants for 1,745,199 shares, and Common Warrants for 1,832,459 shares at $2.865 per unit, with 20% of proceeds paid at closing and 80% upon SEC effectiveness of a resale registration statement. All Pre-Funded Warrants are exercisable at $0.00001 per share with no expiration, and the related Common Warrants carry multi-year terms and specified exercise prices, subject to beneficial ownership limits and customary registration rights.

GridAI Technologies Corp. entered into two private placement financings to raise equity-linked capital. A $2.54 million financing will issue 74,000 common shares, Pre-Funded Warrants for 1,196,001 shares, and Common Warrants for 1,270,001 shares at a combined purchase price of $2.00 per share or Pre-Funded Warrant plus Common Warrant. A separate $5.25 million financing will issue 87,260 common shares, Pre-Funded Warrants for 1,745,199 shares, and Common Warrants for 1,832,459 shares at $2.865 per unit, with 20% of proceeds paid at closing and 80% upon SEC effectiveness of a resale registration statement. All Pre-Funded Warrants are exercisable at $0.00001 per share with no expiration, and the related Common Warrants carry multi-year terms and specified exercise prices, subject to beneficial ownership limits and customary registration rights.

GridAI Technologies Corp. reported that it has regained compliance with Nasdaq listing requirements after a brief filing delay. Nasdaq had notified the company on April 22, 2026 that it was not in compliance with Listing Rule 5250(c)(1) because its Form 10-K for the period ended December 31, 2025 was late. GridAI filed the Form 10-K on May 1, 2026, and on May 4, 2026 Nasdaq confirmed the company was back in compliance and closed the matter.

GridAI Technologies Corp. reported that it has regained compliance with Nasdaq listing requirements after a brief filing delay. Nasdaq had notified the company on April 22, 2026 that it was not in compliance with Listing Rule 5250(c)(1) because its Form 10-K for the period ended December 31, 2025 was late. GridAI filed the Form 10-K on May 1, 2026, and on May 4, 2026 Nasdaq confirmed the company was back in compliance and closed the matter.

GridAI Technologies Corp. filed its annual report outlining a strategic shift into AI-focused energy orchestration software while retaining its Adrulipase drug program. The company acquired Grid AI Corp. and 75% of AMPX, rebranded from Entero Therapeutics, and now centers on software for AI data centers and legacy biopharma R&D.

Grid AI’s platforms are early stage with minimal revenue and no commercial deployment yet for its AI data center solution. Adrulipase remains the main drug asset but had no active trials in 2025. At December 31, 2025, cash was about $0.9 million against an accumulated deficit of roughly $208.8 million, and auditors raised substantial doubt about continuing as a going concern.

The company defaulted on an 18% revolving loan and is exploring strategic alternatives, including potential merger, sale, wind-down or bankruptcy, while also managing past and current Nasdaq listing compliance issues. Only two parent-level employees remain, underscoring the scale-back as GridAI pursues a high-risk turnaround around its AI energy orchestration platform.

GridAI Technologies Corp. filed its annual report outlining a strategic shift into AI-focused energy orchestration software while retaining its Adrulipase drug program. The company acquired Grid AI Corp. and 75% of AMPX, rebranded from Entero Therapeutics, and now centers on software for AI data centers and legacy biopharma R&D.

Grid AI’s platforms are early stage with minimal revenue and no commercial deployment yet for its AI data center solution. Adrulipase remains the main drug asset but had no active trials in 2025. At December 31, 2025, cash was about $0.9 million against an accumulated deficit of roughly $208.8 million, and auditors raised substantial doubt about continuing as a going concern.

The company defaulted on an 18% revolving loan and is exploring strategic alternatives, including potential merger, sale, wind-down or bankruptcy, while also managing past and current Nasdaq listing compliance issues. Only two parent-level employees remain, underscoring the scale-back as GridAI pursues a high-risk turnaround around its AI energy orchestration platform.

GridAI Technologies Corp. reported receiving a notice from Nasdaq on April 22, 2026 stating it is not in compliance with Listing Rule 5250(c)(1) because its Form 10-K for the year ended December 31, 2025 has not yet been filed. The company has until June 22, 2026 to submit a plan to regain compliance, and Nasdaq may grant an extension through October 12, 2026 if the plan is accepted. GridAI attributes the delay to complexity in reviewing the accounting treatment and other information related to its recent acquisition of Grid AI Corp. The company plans to file the 10-K as soon as possible and submit a compliance plan, but cautions there is no assurance Nasdaq will accept the plan or that it will maintain compliance with Nasdaq requirements in the future.

GridAI Technologies Corp. reported receiving a notice from Nasdaq on April 22, 2026 stating it is not in compliance with Listing Rule 5250(c)(1) because its Form 10-K for the year ended December 31, 2025 has not yet been filed. The company has until June 22, 2026 to submit a plan to regain compliance, and Nasdaq may grant an extension through October 12, 2026 if the plan is accepted. GridAI attributes the delay to complexity in reviewing the accounting treatment and other information related to its recent acquisition of Grid AI Corp. The company plans to file the 10-K as soon as possible and submit a compliance plan, but cautions there is no assurance Nasdaq will accept the plan or that it will maintain compliance with Nasdaq requirements in the future.

GridAI Technologies Corp. reports a default-related demand under its Revolving Loan Agreement. The company’s lender sent a demand letter on April 1, 2026, asserting that the loan matured unpaid on January 31, 2026, and seeking $1,014,675, including $700,000 principal, accrued interest, and a 20% default increase. GridAI is evaluating the impact and is in active discussions with the lender.

GridAI Technologies Corp. reports a default-related demand under its Revolving Loan Agreement. The company’s lender sent a demand letter on April 1, 2026, asserting that the loan matured unpaid on January 31, 2026, and seeking $1,014,675, including $700,000 principal, accrued interest, and a 20% default increase. GridAI is evaluating the impact and is in active discussions with the lender.

GridAI Technologies Corp. filed an amended report to provide full historical financials, pro forma results, business description, and risk factors for its acquisition of Grid AI Corp. Grid AI generated only $138,697 of revenue from inception through September 30, 2025 but recorded a net loss of $5,251,751 and a total deficit of $6,521,829. The auditor and management both highlight substantial doubt about Grid AI’s ability to continue as a going concern, citing limited cash of about $333,000, negative working capital, and significant obligations including $7,000,000 of deferred consideration. Pro forma for the acquisition, the combined company reports a net loss of $10,589,048 for the period ended September 30, 2025. The filing also describes a strategic pivot away from legacy residential energy platforms toward an early-stage AI data center energy orchestration platform that has not yet been commercially deployed, along with extensive competitive and execution risks.

GridAI Technologies Corp. filed an amended report to provide full historical financials, pro forma results, business description, and risk factors for its acquisition of Grid AI Corp. Grid AI generated only $138,697 of revenue from inception through September 30, 2025 but recorded a net loss of $5,251,751 and a total deficit of $6,521,829. The auditor and management both highlight substantial doubt about Grid AI’s ability to continue as a going concern, citing limited cash of about $333,000, negative working capital, and significant obligations including $7,000,000 of deferred consideration. Pro forma for the acquisition, the combined company reports a net loss of $10,589,048 for the period ended September 30, 2025. The filing also describes a strategic pivot away from legacy residential energy platforms toward an early-stage AI data center energy orchestration platform that has not yet been commercially deployed, along with extensive competitive and execution risks.

GridAI Technologies Corp. submitted a Form 12b-25 notification stating it could not timely file its Form 10-K for the year ended December 31, 2025 while it reviews accounting treatment and related disclosures for its recent acquisition of GridAI Corp. The company expects to file the 10-K no later than the fifteenth calendar day following the prescribed due date. The notification, signed by Anna Skowron, Interim Chief Financial Officer, indicates that other periodic reports for the prior 12 months have been filed and that no significant change in results of operations is anticipated to appear in the delayed report.

GridAI Technologies Corp. received a Schedule 13G/A filing from Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation reporting a passive ownership position. The reporting persons beneficially own 31,000 shares of common stock, representing 0.92% of the class as of 12/31/2025.

Renaissance reports sole voting and dispositive power over these shares and confirms they are held in the ordinary course of business, not for the purpose of changing or influencing control of GridAI. Certain funds managed by Renaissance Technologies LLC have the right to receive dividends and sale proceeds from these securities.

GridAI Technologies Corp. received a Schedule 13G/A filing from Renaissance Technologies LLC and Renaissance Technologies Holdings Corporation reporting a passive ownership position. The reporting persons beneficially own 31,000 shares of common stock, representing 0.92% of the class as of 12/31/2025.

Renaissance reports sole voting and dispositive power over these shares and confirms they are held in the ordinary course of business, not for the purpose of changing or influencing control of GridAI. Certain funds managed by Renaissance Technologies LLC have the right to receive dividends and sale proceeds from these securities.